Brokerages Set Shell plc (LON:SHEL) Price Target at GBX 3,366.67

Shell plc (LON:SHEL) has been assigned a consensus rating of “Buy” from the six brokerages that are presently covering the firm, Marketbeat reports. Six research analysts have rated the stock with a buy rating. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is GBX 3,366.67 ($42.33).

A number of brokerages have commented on SHEL. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 3,200 ($40.23) target price on shares of Shell in a research note on Monday. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Shell in a research report on Tuesday, September 24th. Finally, Bank of America reiterated a “buy” rating and issued a GBX 3,400 ($42.75) price objective on shares of Shell in a research report on Wednesday, September 4th.

Shell Trading Up 0.4 %

SHEL opened at GBX 2,423.88 ($30.47) on Monday. The firm has a market capitalization of £149.80 billion, a price-to-earnings ratio of 1,128.84, a price-to-earnings-growth ratio of 2.50 and a beta of 0.51. The company’s 50 day simple moving average is GBX 2,543.31 and its two-hundred day simple moving average is GBX 2,652.50. Shell has a 1-year low of GBX 2,345 ($29.48) and a 1-year high of GBX 2,961 ($37.23). The company has a debt-to-equity ratio of 40.32, a current ratio of 1.41 and a quick ratio of 0.87.

Shell Dividend Announcement

The company also recently declared a dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, November 14th will be issued a dividend of $0.34 per share. This represents a yield of 1.06%. The ex-dividend date is Thursday, November 14th. Shell’s dividend payout ratio (DPR) is presently 4,883.72%.

About Shell

Shell plc operates as an energy and petrochemical company Europe, Asia, Oceania, Africa, the United States, and Rest of the Americas. The company operates through Integrated Gas, Upstream, Marketing, Chemicals and Products, and Renewables and Energy Solutions segments. It explores for and extracts crude oil, natural gas, and natural gas liquids; markets and transports oil and gas; produces gas-to-liquids fuels and other products; and operates upstream and midstream infrastructure to deliver gas to market.